UPDATE: General Electric Reports Drop In Q4 Net Profit

General Electric Company

reported a decline in its fourth-quarter net profit on Friday. General Electric's quarterly profit fell to $3.8 billion, or $0.35 per share, from $4.8 billion, or $0.42 per share, in the year-ago period. On an operating basis, General Electric's earnings came in at $0.39 per share. General Electric's revenue declined to $38.0 billion, versus $41.2 billion. However, analysts were expecting earnings of $0.38 per share on sales of $40.05 billion. General Electric shares fell 3.08% to $18.56 in pre-market trading.